729 Fisher Ferry StThomasville, NC 27360

Property Details for 729 Fisher Ferry St

Year built

2022

Property size (Sq ft)

5,400 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a six-unit apartment complex located at 729 Fisher Ferry Street, Thomasville, NC 27360. Built in 2022, this property boasts 5,400 square feet and features six spacious two-bedroom, one-bathroom units, each offering 900 square feet of modern living space. The durable brick exterior and low-maintenance asphalt shingle roof minimize upkeep. Ample parking is available in a well-maintained asphalt lot. Each unit includes central heating and air conditioning and is individually metered for water, sewer, and electricity, reducing operating expenses and promoting tenant accountability. A prominent pylon sign ensures high visibility. The property was placed into service on May 1, 2023, and was fully pre-leased, maintaining a 100% occupancy rate since opening, demonstrating strong demand and stable cash flow. Currently self-managed, its straightforward operation is suitable for absentee owners or professional management firms. The asking price is $950,000, representing a 6.4% capitalization rate. This turnkey investment offers minimal management and maintenance, providing a reliable long-term income stream.

Location Insight

City

Thomasville

County

Davidson

State

North Carolina

Latitude

35.8688

Longitude

-80.088

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